Since the NFT Games boom began this year, Axie Infinity has established itself as the stable, most profitable project that generates more confidence in investors, despite the fall in the value of its native token (SLP). Until a few months ago the investment for the acquisition of the Axies team, necessary to be able to play, could be recovered with certainty in a period of one and a half to two months, now the recovery period has multiplied by three this basically due to two factors: first, the fall of more than 70% in the value of the SLP and second the reduction of 50% of the daily rewards granted by the game.
In addition to the above, investors have had to deal with the high commissions involved in changing the SLP and AXS (project token), both at the time of being able to acquire the NFTs, and in the case of withdrawals of the SLPs accumulated by the players, this currency that is "mined" through the triumphs in the two combat modes (arena mode and adventure mode).
The good news
According to a statement issued today by the Binance Exchange, the owners of AXS and SLP will be able to move from their Ronin wallet directly to Binance, the tokens generated by the game as of September 4, 2021. This means that it will not be necessary to use as a “bridge” the Ethereum technology, through the metamask wallet to be able to withdraw the SLPs generated, which is a relief given the high commissions that were generated.
This announcement is made almost fifteen days after the integration of the popular game tokens with the Binance Smart Chain network and clarifies that everything is ready to start receiving and sending SLP (Smooth Love Potion) and AXS (Axie Infinity Shards ) through the well-known Ronin network, all without any commission (zero fees.)
The problem
Before this announcement, users would first have to transfer their AXS and SLP to an Ethereum wallet (such as Metamask), paying a fee to Binance. After that, they used said wallet as a "bridge" to be able to connect with the Ronin wallet, which would again generate some commission costs, this was not to the liking of the players. So the new situation not only saves money for SLP token holders in the Ronin wallet, but it also makes things much easier to be able to move assets from their gaming ecosystem smoothly to the Binance exchange.
Do not get too excited, the integration is not total
In the same statement, Binance clarifies that the network will only be enabled to be able to mobilize SLP and AXS, which would only benefit those who need to withdraw their winnings from the game and change it to fiat currencies or some other cryptocurrency, but it does not imply a complete integration with ETH, so for those who want to buy axies, they still have the problem that they must be bought in ETH under the ronin network, that is, the commission will still have to be paid for making the change from the ethereum network to the ronin network.
I hope that this news will lift the spirits of investors and scholarship holders of this popular game, who have seen how in a short time its profitability has dropped. What do you think of this news? I would like to read you in the comment box.
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Posted Using LeoFinance Beta